LIV Golf bankruptcy

LIV Golf is set to be wound down after its investor withdrew its support because the proposed new league failed to attract enough players. LIV had hoped BC Partners Credit would provide a possible $300m (£223m) in financing after Saudi Arabia’s Public Investment Fund (PIF) withdrew its backing in April, leading to the league filing for bankruptcy protection in September. The funding could have helped the competition move forward in a new form, dubbed LIV 2.0, but BC Partners is understood to have decided it is not viable to pursue a deal.

LIV Golf has secured a possible $300m in financing from BC Partners Credit in order to try to move forward with the 2027 season. The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, starting a court-supervised “restructuring process” that they hope to complete in early 2027. It is unclear how much of the $300m LIV requires to start next year’s schedule and which players will start the season.